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DOST assures P1.7-B unused scholarship funds will be retuned to gov't coffers – Manila Bulletin


(DOST-SEI)
DOST-SEI Director Dr. Josette Biyo assured the public that the funds will be remitted to the Bureau of the Treasury (BTr) after the Commission on Audit (COA) flagged the Institute for its unutilized funds and directed them to return these funds to the state coffers.
“To date, SEI is now in the process of preparing the necessary documents for the reversion of the P1.7 billion to the Bureau of the Treasury which accumulated over the years,” she told the Manila Bulletin in a Viber message.
She explained that DOST-SEI has been authorized expressly by Section 4 of Republic Act No. 7687 to create the Science and Technology Scholarship Fund to ensure fulfillment of the institute’s mandate. ....

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